Business Resources for COVID-19
Kilmarnock Strong CARES Small Business Grant Round 2
Grant Application (CLICK HERE)
The Town of Kilmarnock has identified $40,000 in emergency relief funds to support small businesses impacted by the COVID-19 pandemic. Businesses receiving Round 1 funds are still eligible for Round 2.
Funds are available as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act federal stimulus package. The Town will provide emergency financial support through the Kilmarnock COVID-19 CARES Small Business Grant Program for qualified small businesses that are negatively impacted by the COVID-19 pandemic due to orders to close or limit operations.
The Kilmarnock Strong CARES Small Business Grant Program will offer one-time grants of up to $1,000 to qualifying small businesses to assist businesses through the COVID-19 pandemic.
There is a limited amount of funds for this program. Grants will be committed and funded on a first-come, first-served basis based upon availability of funds, program guidelines, and submission of a complete application and supporting documentation
- Start of Applications: November 13
- Close of Applications: November 30
- Application Review: November 30 – December 4
- Forward of Approved List to EDA for Disbursements: December 4
- Announcement to Business of Approval: December 7
- Disbursement Date: Week of December 7
Rebuild VA – Small Business Grant Program
The Rebuild VA Grant Fund is a program to help small businesses and non-profits whose normal operations were disrupted by COVID-19, including restaurants, brick and mortar retail, exercise and fitness facilities, personal care and personal grooming services, entertainment and public amusement establishments, and campgrounds.
Expanded business sectors now eligible to apply, include small hotels and bed and breakfast lodging facilities along with the film industry companies supporting production in the Commonwealth.
Businesses and non-profits that are approved for a Rebuild VA grant may receive up to 3 times their average monthly eligible expenses up to a maximum of $10,000.
For more information www.governor.virginia.gov/rebuildva/
Forward Virginia: Phase 3 Signs
Phase One Requirements – Food Service/Restaurants
Forward Virginia: Phase 3
Food Service Resources
COVID -19 Small Business Resources
Overview of SBA Loans (Virginia SBDC)
Paycheck Protection Program (PPP) – SBDC Summary
Paycheck Protection Program (PPP) FAQ
- Paycheck Protection Program (PPP): The U.S. Small Business Administration (SBA) will guarantee loans with terms of up to 10 years and interest rates of up to 4% to businesses with fewer than 500 employees. Businesses can qualify for loans of up to $10 million, and the loans will be provided by lenders including banks and credit unions. Eligible businesses can get loan deferment for six months to a year, and the loan may be forgiven if the businesses maintains its payroll for eight weeks at employees’ normal salary levels. Learn More >>
PPP Application (External Link)
- Economic Injury Disaster Loans (EIDL): SBA is providing working capital loans of up to $2 million to small businesses and nonprofits affected by the coronavirus. Loans carry an interest rate of 3.75% for small businesses and 2.75% for nonprofits. Loan repayment terms vary by applicant, up to a maximum of 30 years.
- Emergency grant of $10,000 to SBA Economic Injury Disaster Loan applicants: If your business is denied a loan, applicants can still access this grant, which can be used to provide employee sick leave, maintain payroll or meet other needs like paying rent.
The U.S. Small Business Administration (SBA) coronavirus resource page provides a list of relief programs, and it offers guidance to small business owners during this crisis.
Restaurant & Food Service Resources
FDA Best Practices for Retail Food Stores, Restaurants, and Food Pick-Up/Delivery Services During the COVID-19 Pandemic
25 Tips for Getting Your Restaurant Delivery/Takeout Right
Restaurants Pivot to Groceries and Meal Kits
Facebook Small Business Grants Program
Find Remote Jobs During The Pandemic
Deferment of State Sales
Businesses impacted by COVID-19 can also request to defer the payment of state sales tax due tomorrow, March 20, 2020, for 30 days. When granted, businesses will be able to file no later than April 20, 2020 with a waiver of any penalties.
The Governor has requested that the Department of Taxation to extend the due date of payment of Virginia individual and corporate income taxes. While filing deadlines remain the same, the due date for individual and corporate income tax will now be June 1, 2020. Please note that interest will still accrue, so taxpayers who are able to pay by the original deadlines should do so.
Workers may be eligible to receive unemployment benefits if an employer needs to temporarily slow or cease operations due to COVID-19.
The Commissioner of the Virginia Employment Commission has been directed to waive the one-week waiting period so workers will not have to wait to receive unemployment benefits.
Here is a frequently asked questions (FAQ) guide for workers who may be affected by new policies as a result of the COVID-19 outbreak.
Temporary Utility Rates and Policies (03.26.2020)
Includes a pay-as-you go rate and no minimum charges.
Additional Federal Resources
FEMA will offer recovery services to businesses and their employees once this outbreak has ended.
Per the USDA, there is NO problem with the food supply. There’s no need to stockpile off fear when there is no danger to the food supply.
For more information, visit www.CoronaVirus.gov.
The Centers for Disease Control issued guidance for businesses and employees.
The U.S. Department of Labor guidelines for how companies can prepare their workplace for COVID-19. In addition, the Occupational Safety and Health Administration (OSHA) launched a COVID-19 website with information specifically for workers and employers.
Information on issues relating to wages and hours worked under the Fair Labor Standards Act.